Remind me why the govt is putting up taxes during a cost of living crisis?
As prices go up, which they have been doing at varying rates for many years, then anything which is a percentage will also go up [assuming sales are static, or drop at a lower rate than inflation].
It’s a bit like having a headline article that this years birthday cake as more candles than last years cake.
Imagine if that was split and handed out to each household. The government would get ≈£31bn of it back anyway
Should just about cover MPs claims/expenses then
Funny how brexit didn’t really do much until now, its funny how prices didn’t really go up during covid, its funny how only tech really jumped due to chip shortages and scalping, nothing else did.
Back end of last year inflation increased BEFORE oil and energy became an issue 2 months ago, the war started 2 months ago AFTER the increase in inflation
So oil, energy, supply chains, war didn’t jump until this year while inflation did months before. Why? Go look at the stock market, lots of shit going on that caused a large increase in money printing, lots of money printing = inflation, its almost like we ignore Germany and venezuela.
All the stories I hear are pushed by the press, soundbites, the CPI is wrong for a reason but nobody looks deep enough and thinks they know everything based on “Official figures” or “Professionals”, top tip: Ignore financial experts in the media, their job is to screw you over not help you, the reasons for inflation change daily, you will notice if you choose to pay attention.
Don’t tell the Tories, they start handing that out to there families & friends.
*HMRC collected a record £157.2bn from VAT bills in the last tax year, a 55 per cent jump on the £101bn collected in 2020/21*
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However in 2019-2020 they collected £130bn, so the increase for 2021/22 is really just the ‘missing bit’ from the previous year.
The so-called ‘VAT holiday’ was nothing of the kind, it was merely deferred to the following year. Hence the sky-high VAT collection.
Well that’s this years pension bill covered.
And people mocked Elon Musk for not ending world hunger with 6 billion, these people are clueless, if the world governments can’t end it with trillions what is 6 billion going to do hahahha
I mean, this isn’t surprising – the economy grows most years and trends upwards, therefore tax revenue would be expected to also increase
This isn’t a tax rise, this is just inflation in action
It isn’t guaranteed that EVERY year will be a new record, but you’d expect it to happen more often than not, and at minimum you’re gonna have a new record every few years
The purchasing power of that £157bn is probably less though than the amount of VAT pocketed in several previous years. At a time of global inflation then taxes have to go up, or services have to be cut.
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Remind me why the govt is putting up taxes during a cost of living crisis?
As prices go up, which they have been doing at varying rates for many years, then anything which is a percentage will also go up [assuming sales are static, or drop at a lower rate than inflation].
It’s a bit like having a headline article that this years birthday cake as more candles than last years cake.
Imagine if that was split and handed out to each household. The government would get ≈£31bn of it back anyway
Should just about cover MPs claims/expenses then
Funny how brexit didn’t really do much until now, its funny how prices didn’t really go up during covid, its funny how only tech really jumped due to chip shortages and scalping, nothing else did.
Back end of last year inflation increased BEFORE oil and energy became an issue 2 months ago, the war started 2 months ago AFTER the increase in inflation
So oil, energy, supply chains, war didn’t jump until this year while inflation did months before. Why? Go look at the stock market, lots of shit going on that caused a large increase in money printing, lots of money printing = inflation, its almost like we ignore Germany and venezuela.
All the stories I hear are pushed by the press, soundbites, the CPI is wrong for a reason but nobody looks deep enough and thinks they know everything based on “Official figures” or “Professionals”, top tip: Ignore financial experts in the media, their job is to screw you over not help you, the reasons for inflation change daily, you will notice if you choose to pay attention.
Don’t tell the Tories, they start handing that out to there families & friends.
*HMRC collected a record £157.2bn from VAT bills in the last tax year, a 55 per cent jump on the £101bn collected in 2020/21*
****
However in 2019-2020 they collected £130bn, so the increase for 2021/22 is really just the ‘missing bit’ from the previous year.
The so-called ‘VAT holiday’ was nothing of the kind, it was merely deferred to the following year. Hence the sky-high VAT collection.
Well that’s this years pension bill covered.
And people mocked Elon Musk for not ending world hunger with 6 billion, these people are clueless, if the world governments can’t end it with trillions what is 6 billion going to do hahahha
I mean, this isn’t surprising – the economy grows most years and trends upwards, therefore tax revenue would be expected to also increase
This isn’t a tax rise, this is just inflation in action
It isn’t guaranteed that EVERY year will be a new record, but you’d expect it to happen more often than not, and at minimum you’re gonna have a new record every few years
The purchasing power of that £157bn is probably less though than the amount of VAT pocketed in several previous years. At a time of global inflation then taxes have to go up, or services have to be cut.